Another fleeing corporate giant: Connecticut is facing a business migration crisis
Publishing timestamp: 2017-07-11 20:40:00
Summary
Connecticut is facing a fiscal crisis with high taxes causing corporate giants to leave, resulting in a decline in tax revenues. However, the state's manufacturing sector is a bright spot, with incentives being offered to keep companies like Sikorsky Aircraft and Pratt & Whitney in the state. Despite the challenges, companies like Thule Group are finding success in Connecticut's manufacturing environment.
Sentiment: MIXED
Tickers: A, GE, THULE-SE, ABBV,
Keywords: thule group ab, raytheon technologies corp, business news, general electric co, connecticut, economy, aetna inc,
Source: https://www.cnbc.com/2017/07/11/connecticut-is-facing-a-corporate-migration-crisis.html